Petrochemical
India's oil & gas will see an investment of $118 bn says Pradhan
Talking about the Strategic Energy Partnership, Pradhan said that cooperation in the natural gas sector has been identified as a priority area in the field of LNG bunkering, LNG ISO container development, petrochemicals, bio-fuels and Compressed Bio Gas in the Indian energy sector.
- By ICN Bureau
| July 16, 2020
India's oil and gas sector will see an investment of $118 billion said Minister of Petroleum & Natural Gas and Steel Dharmendra Pradhan.
In the run up to the 2nd Ministerial meeting of the India and US Strategic Energy Partnership, Dharmendra Pradhan said, "India will see an investment of over $118 billion in oil and gas exploration as well as in setting up natural gas infrastructure, including development of gas supply and distribution networks in the next five years as the country prepares to meet the needs of a fast-growing economy."
Talking about the Strategic Energy Partnership, the Minister said that cooperation in the natural gas sector has been identified as a priority area in the field of LNG bunkering, LNG ISO container development, petrochemicals, bio-fuels and Compressed Bio Gas in the Indian energy sector.
Pradhan said that even during these challenging times, India and the US have been working in close collaboration, be it in stabilizing global energy markets or in collaborative efforts to address COVID-19.
The minister invited greater participation from the US companies during the next OALP and DSF bid rounds. Pradhan also talked about the far-reaching changes and policy reforms underway in the exploration and production sector in India.
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